11. The term "inelastic
(1) Describes demand that is not very
sensitive to a change in price.
(2) Describes demand that is very seasitive
to a change in price.
(3) Describes demand whose elasticity is
exactly equal to 1.
(4) Refers to how consumers make
substitutions.

Sailors went to special school to learn how to use the new technology that would them sail far distences. the school we know about was

Jackie went to the grocery store to pick up yogurt, bread, and apples. first, she picked up a hand basket for carrying her groceries, and then she searched the store. after finding what she needed, she stood in a check-out line. then, the cashier put her items in a plastic bag, and soon after, jackie left the store. as readers of this event, we understand that jackie paid for the groceries, even though it wasn't mentioned, because we are relying on a grocery store

What is the difference between a mixed and market economy